The American policy analyst Charles Murray cogently observes that people do not need to be taught how to pursue happiness since they do this naturally and spontaneously, “unless impeded”: No one has to teach people how to pursue happiness. Unless impeded, people form communities that allow them to …

This illustrated essay explores some images of "liberty" and "industry" from Diderot’s Encyclopédie, ou Dictionnaire raisonné des sciences, des arts et des métiers (Encyclopaedia, or a Systematic Dictionary of the Sciences, Arts, and Crafts) (1751-1772). They have been taken …

In the sixteenth and early seventeenth centuries, clerics gave lectures at the University of Salamanca on such topics as the varying purchasing power of money, the morality of money, and how price is determined. While she was teaching at the London School of Economics, Marjorie Grice-Hutchinson …

This month’s discussion looks at the work of the political economist Gordon Tullock who saw himself very much in the tradition of Mises – a praxeologist who from a methodologically individualistic perspective would study human action across all social arrangements. Tullock’s subject matter was …